Wall Street brokerages expect CommVault Systems, Inc. (NASDAQ:CVLT) to post sales of $182.80 million for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for CommVault Systems’ earnings, with estimates ranging from $182.50 million to $183.40 million. CommVault Systems posted sales of $165.84 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 10.2%. The company is scheduled to report its next earnings report on Wednesday, January 24th.

According to Zacks, analysts expect that CommVault Systems will report full-year sales of $182.80 million for the current financial year, with estimates ranging from $707.60 million to $708.40 million. For the next fiscal year, analysts anticipate that the firm will report sales of $784.38 million per share, with estimates ranging from $769.60 million to $794.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that follow CommVault Systems.

CommVault Systems (NASDAQ:CVLT) last announced its quarterly earnings results on Tuesday, October 24th. The software maker reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.05). CommVault Systems had a net margin of 0.28% and a negative return on equity of 0.17%. The company had revenue of $168.14 million during the quarter, compared to analysts’ expectations of $170.15 million. During the same period last year, the firm earned $0.25 earnings per share. CommVault Systems’s revenue was up 5.5% on a year-over-year basis.

A number of equities research analysts recently weighed in on the stock. Mitsubishi UFJ Financial Group cut shares of CommVault Systems from an “overweight” rating to a “neutral” rating in a research report on Wednesday, October 25th. UBS cut shares of CommVault Systems from an “overweight” rating to a “neutral” rating in a research report on Tuesday, October 24th. Royal Bank Of Canada reaffirmed a “hold” rating on shares of CommVault Systems in a report on Monday, October 9th. Jefferies Group reaffirmed a “buy” rating on shares of CommVault Systems in a report on Thursday, October 26th. Finally, BidaskClub cut shares of CommVault Systems from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $70.00.

In other news, insider Gary Merrill sold 7,260 shares of the company’s stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $62.28, for a total value of $452,152.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Brian Carolan sold 4,000 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $61.90, for a total transaction of $247,600.00. The disclosure for this sale can be found here. 13.40% of the stock is currently owned by corporate insiders.

Several institutional investors have recently modified their holdings of CVLT. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of CommVault Systems by 11.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,904 shares of the software maker’s stock worth $107,000 after acquiring an additional 203 shares during the period. US Bancorp DE increased its stake in shares of CommVault Systems by 47.0% during the second quarter. US Bancorp DE now owns 2,102 shares of the software maker’s stock worth $119,000 after acquiring an additional 672 shares during the period. Riverhead Capital Management LLC increased its stake in shares of CommVault Systems by 70.9% during the second quarter. Riverhead Capital Management LLC now owns 2,563 shares of the software maker’s stock worth $145,000 after acquiring an additional 1,063 shares during the period. Pacad Investment Ltd. increased its stake in shares of CommVault Systems by 88.9% during the second quarter. Pacad Investment Ltd. now owns 3,400 shares of the software maker’s stock worth $192,000 after acquiring an additional 1,600 shares during the period. Finally, Magnetar Financial LLC acquired a new position in shares of CommVault Systems during the third quarter worth about $201,000. Institutional investors and hedge funds own 88.39% of the company’s stock.

Shares of CommVault Systems (NASDAQ:CVLT) opened at $54.00 on Tuesday. CommVault Systems has a 1 year low of $47.61 and a 1 year high of $64.60.

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Earnings History and Estimates for CommVault Systems (NASDAQ:CVLT)

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